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A SPECIAL SECTION: Haiti, Since the January 12, 2010 Fierce Earthquake

Posted Wednesday, February 16, 2011

4 Bedrooms for the Price of 4 Wheels

By Diane Tuman, Zillow.com

It's hard to imagine a home selling for the price of a car, but nonetheless, some home prices in some sections of the country are now comparable to prices of luxury cars. And, no, we're not talking about Bentleys and Rolls-Royces, we're talking about Acuras and Hyundais and cars that are purchased and accessible by many Americans.

Some of the homes are distressed sales - no surprise there - but some are simply low-priced homes that need a new owner. All of them appear to have good bones, but need lots of TLC. Take a look at five homes with four bedrooms or more, that are selling for the price of four wheels in places throughout the U.S.:

South Bend, IN home for sale

1. South Bend, IN Home For Sale $49,000 | Price per sq ft: $27
Original list price $89,900 (2009)
717 Forest Ave, South Bend, IN 46616

Acura RL

Listing description: Upstairs had been used as an apartment with a kitchen, full bath, 3 bedrooms, living room and has a separate entry. The main level has a living room, dining room, 2 bedrooms, kitchen, full bath and a laundry room. The basement is entered by a Bilco door and contains the mechanicals.

Comparably priced car: 2010 Acura RL (MSRP $46,830 $54,250)

Florence, AZ home for sale

2. Florence, AZ Home for Sale $34,900 | Price per sq ft: $14
Original list price $148,900 (June, 2010)
23803 N. Bridle Way, Florence, AZ 85132

Hyundai Genesis

Listing description: This home has never been lived in and does not have the certificate of occupancy with Pinal County. This will need to be cleared with the county before moving in. Carpet and ceramic tile flooring, breakfast bar, fireplace, spacious rooms. Bank of America Home Loan Pre-Qualification required on all offers. Free appraisal and credit report if financed through Bank of America.

Comparably priced car: 2011 Hyundai Genesis (MSRP $33,000 $43,000)

Aurora, IA home for sale

3. Aurora, IA Home for Sale $47,500 | Price per sq ft: $34
Original list price $48,500 (August, 2010)
209 York St, Aurora, IA 50607

Ford Shelby GT500

Listing description: Looking for a bigger house, need more bedrooms, then this might be the house for you! Edge of town feeling, large yard, most of the work of updating this has been done for you. More than a Drive-by.

Comparably priced car: 2011 Ford Shelby GT500 Coupe ($48,645)

Cheboygan, MI home for sale

4. Cheboygan, MI Home for Sale $34,500 | Price per sq ft: $14
Original list price: $49,500 (Nov. 2010)
220 Duncan Ave., Cheboygan, MI 49721

Toyota Highlander

Listing description: Turn of the century home with 4 bedrooms, detached 2 car garage, formal dining room, hardwood floors and a great location close to downtown.

Comparably priced car: 2010 Toyota Highlander Hybrid Base 4x4 (MSRP $34,900)

Akron, OH home for sale

5. Akron, OH Home for Sale $45,000 | Price per sq ft: $33
Original list price: $50,000 (July 2010)

1114 Herberich Ave, Akron, OH 44301

Cadillac CTS Sport Wagon

Listing description: Great investment property. Current renters have been here for 20 years. Rental income $650/month. Siding and roof replaced about 4 years ago. First floor features living room that has wide archway leading to the dining room, kitchen, and breakfast room. Second floor has 3 bedrooms and large bathroom. Third floor is finished and used as a 4th bedroom. There is a full basement and a single car detached garage.

Comparably priced car: 2010 Cadillac CTS Sport Wagon 3.6L Performance AWD (MSRP $45,265)

See all 10 Homes for Price of 4 Wheels


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